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August 7th, 2011
11:05 PM ET

Top 10 Ways To Save

Americans aren't buying it - literally! Americans expect the economy to get even worse, according to a survey released by Harris Interactive. The Harris poll reveals Americans saving more since February of this year in more ways then one. With no expectations of recovery in sight, many are buckling down to cut costs and save in every way possible.  

Over three quarters (67%) of Americans are buying more generic brands, the highest number reported doing so in two years. Almost half of Americans are packing their lunch and making fewer trips to the hair stylist, while 1 in 5 Americans have stopped buying a morning coffee.

Take a look at how many Americans are changing their lifestyles to save on expenses at CNN iReport.

Are you saving in any of these 10 ways? Has cutting back changed your life?

CNN wants to hear YOUR story.


Filed under: CNN Newsroom • iReport • money
soundoff (4 Responses)
  1. Toni

    Poor people are those who live either from paycheck to paycheck or those who have to borrow to exist. At this point, the poor are just trying to survive. Most of us are poor using this definition. It doesn't matter what you have-two tv's, microwave, cell phone, or any material item. The ownership of these and like items mean very little to the poor. Food is the primary and central focus of survival. No, the poor are not responsible for the economic downgrade, and the issue of the debt ceiling, stock market plummet, and the S&P downgrade did not stir the poor as much as you would think. Who were stirred most were those who do not have to live paycheck to paycheck and those who don't have to borrow to survive.
    Do not begrudge the poor a few entitlements such as food stamps or a little subsidized housing allowances. If it were not for these entitlements, there would be many more people dying, sick and in absolute despair, thus creating a temptation to become involved in society damaging activities. Also many poor would become sick and many would die. What effects the poor inevitably impacts the middle class and rich.

    August 8, 2011 at 8:29 am |
  2. Toni

    It is assumed by many that the poor live off of society when accepting entitlements. This is not true. Some receive these for short periods of time because they cannot find a job. Others who have generational dependency on entitlements often climb up to levels where they can be contributors through education and work. Do not judge the poor and do not seek to blame them for society's economic problems. No, the poor are only a small percentage of the federal budget. We will always have poor people in our midst according to the Bible. Every country has the poor, and yes our poor are virtually concealed behind the screen of what they have in their homes- a few gadgets that make their lives a little more comfortable. However, when you ask the poor what is primary- they will tell you that the bottom line is food. When the refrigerator is bare, that reminds the poor who they are. They will give up all of those material possessions in order to feed their families. So please, do not point out to the public those paultry items in their homes as an index that they are not poor. The second hand stores, Goodwill, trash piles, etc. all bear witness that many good items are thrown into the trash by rich, middle class and poor. Just because a person has a few items in his or her home, it is not fair for those in the media to say they are the "relative poor". There are no such things as the "relative poor." Test it out- when the food runs out, the material items mean virtually nothing.

    August 8, 2011 at 8:39 am |
  3. John from Erie, Pa

    I don't understand why Social Security and Medicare are called entitlements. For nearly 50 years I along with my employers have contributed to this fund to help me when I retire. Now it's considered an entitlement. It was Congress that kept taking the excess from that fund over the years and putting it into the general fund to pay for their Pork projects.
    It's about time that Americans start saving more of their income, they may never see a pension or Social Security check when it's time for them to retire. Compared to the rest of the industrialized world Americans save the least of their earnings because they are too busy keeping up with the Jones. Wake up America and increase your savings. Big corporations are too busy outsourcing and raking in huge profits and pay little or no taxes.

    August 8, 2011 at 9:17 am |
  4. fred conklin

    Foe 30 years republican majorities ballooned the federal deficit. From 2000 to 2008 they tripled it. These are financial conservatives?

    August 9, 2011 at 3:28 pm |

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